Banks offer many services to their customers to attract them. These services help banks to get more customers, retain the old ones and more. Here are some of the services that are offered by banks to their customers are:

#1. Deposit – Accepting money from Account holders or savers to deposit cash is the primary function of a bank. However, banks can’t use this deposited money in profitable sectors. Most of the people prefer to deposit their money in banks to earn interest on the deposited amount.

#2. Mobile Banking – Mobile banking is a service offered by banks that allows account holders to perform balance checks, making payments, account transactions, and various other banking transactions through a smartphone or Personal Digital Assistant (PDA).

#3. Online banking – Online banking is also known as internet banking is a service offered by banks that allows account holders to access their account data via the internet. This service allows user do repetitive transactions, such as account transfers, balance inquiries, bill payments, and stop-payment requests. Moreover, users can use online banking service to apply for credit cards and loans. Account holders can access their accounts anytime, day or night, and from anywhere.

#4. Advancing of Loans – As banks are profit-oriented business organizations, they work on the basis of advancing loan to the public and generating interest in the form of profit. Banks offer different types of loans such as short-term, medium-term and long-term loans, according to the needs of borrowers.

#5. Cheque Payment – Every bank provides chequebooks to every account holder. Account holders can use those cheques to make their payments. Banks pay for cheques after proper formal verification.

#6. Debit cards – A debit card is a plastic card that an individual can use to withdraw money from its account by using ATMs. The money that an individual withdraws directly come from its personal account.  Most debit cards require a Personal Identification Number (PIN) to be used to verify the transaction.

Need to know about the bank services, you can get in your area? Contact Bayport Banks to get complete information.